July 29, 2025, Kazakhstan. Debex, an international online auction platform enabling the sale and purchase of non-performing debt and collateralized assets, has received official authorization to operate from the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market. The platform has already registered 157 market participants, including 10 of the largest banks and microfinance organizations in Kazakhstan. The first successful auction of collateral took place on July 24: a residential apartment with an area of 103.1 sq. m, valued at 40,120,000 tenge, was sold by JSC Eurasian Bank.
Debex operates as an online auction where banks, microfinance organizations, and professional debt collectors list debt portfolios as well as collateral assets (apartments, houses, vehicles, securities) for sale. Buyers of debt cases can be both legal entities and individuals registered on the platform.
To date, the platform includes 10 banks, 46 microfinance organizations, 49 collection agencies, 45 other legal entities operating in Kazakhstan’s debt market, as well as individual participants.
«Debex has been successfully operating in Europe, the United States, Southeast Asia, and Latin America. We promote a transparent and civilized debt assignment market using modern digital tools. Entering the Kazakhstan market was quite challenging for Debex and took around four years. However, we are now fully ready to launch auctions for debt portfolios and collateral on the Kazakh platform. One of Debex’s goals is to attract foreign investors — both local and international buyers will be allowed to participate in the auctions,” said Marat Bruk, CEO of Debex.
The platform will offer for sale debt portfolios and collateral assets from banks and organizations performing certain banking operations, subsidiaries of banks, as well as assets of microfinance organizations, including overdue consumer loans and credits.
Debex - is an international online platform for the sale of non-performing debt, established in 2019. The company works with legal entities, providing services for organizing online auctions of debt portfolios in Russia, Spain, the United States, Mexico, Kazakhstan, Vietnam, and the Philippines.
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